Item 1.01 Entry into a Material Definitive Agreement

Indenture

On January 21, 2021, Crestwood Midstream Partners LP (the "Partnership"), a wholly owned subsidiary of Crestwood Equity Partners, LP, and Crestwood Midstream Finance Corp. (together with the Partnership, the "Issuers") issued $700.0 million aggregate principal amount of 6.00% Senior Notes due 2029 (the "Notes"), which will mature on February 1, 2029, pursuant to an Indenture dated as of January 21, 2021, among the Issuers, the guarantors party thereto and U.S. Bank National Association, as trustee (the "Indenture").

Interest on the Notes will be payable in cash on February 1 and August 1 of each year, beginning on August 1, 2021. Interest on the Notes will accrue from January 21, 2021.

The Partnership used the net proceeds from the Notes offering to fund the concurrent cash tender offer (the "Tender Offer") to purchase for cash any and all of the Partnership's 6.25% Senior Notes due 2023 and to pay fees and expenses thereof.

The description of the Indenture above does not purport to be complete and is qualified in its entirety by reference to the complete text of the Indenture, a copy of which is filed as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation

The information set forth in Item 1.01 of this report is incorporated by reference into this Item 2.03.

Item 8.01 Other Events

On January 14, 2021, the Partnership issued a press release announcing the expiration and final results of the Tender Offer. A copy of the Partnership's press release is filed as Exhibit 99.1 hereto and is incorporated by reference into this Item 8.01.

The press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which the offer, solicitation or sale of such securities would be unlawful prior to registration or qualification under the securities laws of any such state.

Item 9.01 Financial Statements and Exhibits




(d) Exhibits.



Exhibit
Number                                    Description

 4.1           Indenture, dated as of January 21, 2021, among Crestwood Midstream
             Partners LP, Crestwood Midstream Finance Corp., the guarantors named
             therein and U.S. Bank National Association, as trustee

 4.2           Form of 6.00% Senior Note due 2029 (included in Exhibit 4.1)

99.1           Press Release dated January 14, 2021, announcing the expiration and
             final results of the Tender Offer

104          Cover Page Interactive Data File (embedded within the Inline XBRL
             document)




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